I think you'll agree it's utterly difficult to find low APR small business loans that can be approved in a reasonably short amount of time. If you’ve ever asked your bank for an SBA business loan under $500,000 then you may be familiar with having to wait for an answer. An answer that may not be coming because banks normally give preference to the large SBA business loan requests.
SmartBiz Loans(R- registered trademark symbol) is the leading online
SBA loan marketplace that streamlines the application process for loans
between $30,000 and $350,000. PLEASE NOTE SMARTBIZ LOANS IS NOT A
"LENDER". The process only takes 7-10 days and the
rates are what you might expect from your personal bank. The advantage
of the SmartBiz SBA marketplace is it increases the likelihood of
approval because their technology platform matches you with the "right
SBA preferred lending bank" with the credit criteria that best fit your
particular business profile.
10 year terms mean low monthly payments! And since there are no prepayment penalties, you can pay off the loan at any time and save costs of interest.
$30,000 - $49,000 8.00%
$50,000 - $350,000 7.00%
Loans have a variable rate of Prime rate plus 2.75% to 3.75%
4% covers referral and packaging fees. Bank closing costs typically add about another $450 and include standard bank fees though additional 3rd party report charges may apply.
A 2.25% guarantee upfront fee will be assessed from your total requested amount of any amount $150,000 or over.
So figure an
additional 4% to the total sum you need or an additional 6.25% for any loan over amount over $150,000
* A soft pull does not impact your credit score. When your loan application proceeds to funding, SmartBiz Loans and its lenders request a hard pull on your credit, which appears as an inquiry on your credit report. This only happens after your application is in the funding process and matched with a lender who is highly likely to fund your loan.
feel free to call or contact us and you can start your application over the phone.
After your soft credit pull, you will then get a response within 5 minutes,
And if you pass then you'll receive a conditional offer within 30 minutes during business hours, 8am - 5pm pacific time.
Would you like a $100 new customer bonus? If you begin your SmartBiz SBA Working Capital loan through Funding Factoring Solutions by using this link or calling in and we will begin your loan then Funding Factoring Solutions would like to send you a $100 new customer bonus upon approval.
And that is it!!!
In a minimum of 7 days of a completed application, you could have your SBA Business Loan approved at an excellent rate with perhaps the best interest rates available to small businesses.
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